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3 years ago, Blue Lake Corp. issued 30 year to maturity zero-coupon bonds with a par value of $5,000. The current interest rate on this type of bond is 9.76 percent, compounded annually. What is the current price of the bond? Round the answer to two decimal places.

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3 years ago, Blue Lake Corp. issued 30 year to maturity zero-coupon

bonds with a par value of $5,000. The current interest rate on this type of bond is 9.76 percent, compounded annually. What is the current price of the bond? Round the answer to two decimal places.

 
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